EURAUD Double Bottom. Bullish Engulfing Candle. Channel Support
Updated
We got a lot going on with the EURAUD that's showing Bullish signs for the next move.
on the Daily we are at a Major support level from its long term channel, the market tried to break it last week but ended up closing with a bullish Engulfing CSF creating a double bottom.
Now on the shorter Time Frame the market has already entered in the buy zone with a bullish crown pattern, all im waiting now is for the market to confirm the right tip and its hopefully ready to go.
we also got a lot of the other AUD pairs thats showing AUD weakness so this also adds another layer of confidence, you can check out my 2 other recent posts of GBPAUD and AUDJPY
on the Daily we are at a Major support level from its long term channel, the market tried to break it last week but ended up closing with a bullish Engulfing CSF creating a double bottom.
Now on the shorter Time Frame the market has already entered in the buy zone with a bullish crown pattern, all im waiting now is for the market to confirm the right tip and its hopefully ready to go.
we also got a lot of the other AUD pairs thats showing AUD weakness so this also adds another layer of confidence, you can check out my 2 other recent posts of GBPAUD and AUDJPY
Trade closed: target reached
This trade was an amazing trade it worked out exactly how anticipated
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